New Product Development and Firm Value in Mobile Handset Production
Heli Koski and
Tobias Kretschmer
No 1174, Discussion Papers from The Research Institute of the Finnish Economy
Abstract:
We study the effect of new product introduction on firm value. Using a unique sample on mobile phone handset introduction by 16 major handset manufacturers over 10 years, we distinguish between imitative product introduction and truly innovative product introduction. We find that while most product introduction is imitative, both types of innovation increase firm value. However, truly innovative innovation is found to increase firm value by more than imitative introductions.
Keywords: product innovation; mobile telephony; firm value (search for similar items in EconPapers)
Pages: 16 pages
Date: 2009
New Economics Papers: this item is included in nep-ino and nep-tid
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Journal Article: New product development and firm value in mobile handset production (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:rif:dpaper:1174
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